Commerce Bank Makes New $734,000 Investment in Timken Company (The) $TKR

Commerce Bank acquired a new stake in shares of Timken Company (The) (NYSE:TKR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,050 shares of the industrial products company’s stock, valued at approximately $734,000.

Several other large investors also recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC grew its holdings in shares of Timken by 4.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,537 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 104 shares during the period. Parallel Advisors LLC boosted its position in Timken by 4.1% in the first quarter. Parallel Advisors LLC now owns 2,970 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 116 shares during the last quarter. Parvin Asset Management LLC boosted its position in Timken by 16.5% in the first quarter. Parvin Asset Management LLC now owns 920 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 130 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Timken by 3.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 4,319 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 132 shares during the period. Finally, Hilltop Holdings Inc. increased its position in shares of Timken by 3.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 3,997 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 142 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors.

Timken Price Performance

Timken stock opened at $126.04 on Thursday. Timken Company has a 52-week low of $70.57 and a 52-week high of $146.37. The company has a quick ratio of 1.74, a current ratio of 3.10 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average is $135.79 and its 200 day moving average is $120.10. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 1.44 and a beta of 1.21.

Timken (NYSE:TKR) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.21. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Timken had a net margin of 5.43% and a return on equity of 12.63%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 EPS. Timken has set its FY 2026 guidance at 6.050-6.350 EPS. Sell-side analysts forecast that Timken Company will post 6.25 EPS for the current fiscal year.

Timken Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 18th. This represents a $1.44 dividend on an annualized basis and a yield of 1.1%. Timken’s dividend payout ratio is 39.02%.

Insider Buying and Selling

In other news, Director Ajita G. Rajendra sold 8,450 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $131.34, for a total transaction of $1,109,823.00. Following the transaction, the director owned 20,225 shares of the company’s stock, valued at approximately $2,656,351.50. The trade was a 29.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard G. Kyle sold 13,637 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $126.63, for a total value of $1,726,853.31. Following the sale, the director owned 183,724 shares in the company, valued at $23,264,970.12. The trade was a 6.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TKR shares. The Goldman Sachs Group raised their price objective on Timken from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. KeyCorp boosted their price objective on Timken from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Morgan Stanley set a $140.00 target price on shares of Timken in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Timken from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 20th. Finally, Evercore reaffirmed an “outperform” rating and set a $158.00 price target on shares of Timken in a report on Monday, May 11th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Timken Profile

The Timken Company is a global manufacturer specializing in engineered bearings and mechanical power transmission products. Its core offerings include tapered and cylindrical roller bearings, spherical and plain bearings, mounted bearing units, and precision gear drives. Timken’s products serve a broad range of industries, from industrial machinery and aerospace to automotive, rail, wind energy and heavy equipment.

Beyond bearings, Timken’s portfolio extends to industrial chains, belts, couplings and related components designed to optimize power transmission systems.